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Crypto Trading Giant Bithumb Set to Fight $69 Million Tax Fine

Following a $69.1 million tax bill imposed by South Korea’s National Tax Service (NTS) in late 2019, cryptocurrency exchange giant Bithumb has filed a complaint with the Tax Tribunal to negate the tax bill. The NTS and Bithumb must wait 90 days for a decision from the tribunal. Bithumb Wants Their ..

Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill

News Major South Korean cryptocurrency exchange Bithumb has decided to litigate a near $69 million (80 billion won) tax bill levied by the National Tax Service (NTS). According to a report published by The Korea Times on Jan. 16, Bithumb filed a complaint with the NTS, suggesting that the imposed ..

Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone

News Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox. Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South Korea’s “regulatory free zone” in Busan, accord..

Major South Korean Crypto Exchange Bithumb Launches R&D Center

News South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center. According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes ..

Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill

News Major South Korean cryptocurrency exchange Bithumb is reportedly looking to undertake administrative litigation over an $68.9 million (80 billion won) tax bill. English-language local news outlet KoreaHerald reported on Dec. 29 that the local tax agency has handed down over 80 billion won in ..

Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24

Hodler’s Digest Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week..

Bithumb Global to Launch Regulated Crypto Exchange in India: Report

News South Korean exchange Bithumb’s international platform Bithumb Global is looking to establish a regulated cryptocurrency exchange in India. The firm is planning to expand its services to India by partnering with local crypto exchanges, funding local blockchain startups and working on new indu..

Bithumb Acquisition Deal Appears To Be ‘Off’

News Overseas investors are reportedly likely to step in to acquire South Korean crypto exchange Bithumb due to alleged difficulties with payments in its existing acquisition deal. As Cointelegraph reported previously, BK Global Consortium, a firm headed by one of South Korea's leading plasti..

Bithumb Exchange to Launch Cryptocurrency Listing Committee

News South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform. A monthly check by expertsSouth Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, en..

Binance KYC Breach — Did It Happen, and If So, Who’s to Blame?

Follow up On Aug. 7, Binance, the world’s largest cryptocurrency exchange (by daily trade volume), fell victim to a hacking scandal that saw the miscreant allegedly gain possession of a huge chunk of the firm’s Know Your Customer (KYC) data (10,000+ personal photos). The hacker is reportedly deman..

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